1 Chapelton Street, Port Glasgow, PA14 5DF

Description

• PRIME NEW LISTING. We are excited to present this unique commercial opportunity located within a prime location in Port Glasgow.

• **From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £4,800. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.**

• With a current rental income of £1,550 per month (£18,600 per annum), this property represents an outstanding opportunity for investors seeking substantial returns, boasting an exceptional gross yield of 14.8%

• The property spans an impressive 802 Sq M (8,635 Sq Ft) over both the ground and first floors, providing ample space for various commercial uses.

• A fantastic option for commercial investors looking to add a high-yielding opportunity in a prime location to their portfolio, it's a prospect that should not be missed.

PRIME NEW LISTING. We are excited to present this unique commercial opportunity located within a prime location in Port Glasgow.

The property comprises three spacious studios, a welcoming hall to the left of the entrance, and two further side rooms. This flexible space also includes a reception area, a well-equipped kitchen, and modern toilet facilities. Entry is from the side of the building, secured with roller shutters for added peace of mind.

Occupants:

Boxing Club / Flex UK Studios / Carnage Dance Studio & 2 EMPTY SPACES TO OCCUPY

With a current rental income of £1,550 per month (£18,600 per annum), this property represents an outstanding opportunity for investors seeking substantial returns, boasting an exceptional gross yield.

The property spans an impressive 802 Sq M (8,635 Sq Ft) over both the ground and first floors, providing ample space for various commercial uses.

A fantastic option for commercial investors looking to add a high-yielding opportunity in a prime location to their portfolio, it's a prospect that should not be missed.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £4,800. The property qualifies for 100% rates relief through the Small Business Bonus Scheme, subject to occupier status.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

The purchase of the property is strictly subject to the contents of the Legal Pack. Any bid submitted shall be deemed binding and made in full acceptance of, and compliance with, all terms, conditions, and information contained within the Legal Pack, which is available for inspection upon request.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Port Glasgow, a historic town on the west coast of Scotland, is known for its shipbuilding heritage and scenic views of the River Clyde. With excellent transport links and a thriving community, it offers a blend of cultural history and modern conveniences, making it an attractive location for both business and leisure.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.